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Summary
• Price action on BIFIUSDT shows a V-shaped recovery from a 24-hour low of $100.5 to close near $102.8.
• Volatility spiked midday as volume surged to 1371.575 units during a sharp sell-off.
• RSI hit oversold levels but failed to confirm a bullish reversal, while MACD turned positive near the close.
• A key support level appears to form around the $101.5–102.2 range, with a potential resistance at $103.5–104.0.
At 12:00 ET–1 on 2025-12-16, Beefy/Tether (BIFIUSDT) opened at $103.5, reached a high of $130.2, and fell to a low of $100.5 before closing at $102.8. Total volume over the 24-hour window was 7,294.46, with turnover amounting to $741,534.
Structure & Formations
Price experienced a sharp selloff from $117.0 to $100.5 within the early morning hours, with a notable bullish reversal forming around $102.5–103.0. A potential bullish engulfing pattern emerged at the close, as price rose from $102.8 to $103.1 in the final hour. Key support appears to be consolidating around the $101.8–102.5 zone, while resistance may be forming near $103.3–103.5 based on Fibonacci retracement of the morning drop.
Volatility and Momentum
Bollinger Bands expanded during the selloff, indicating heightened volatility, with price reaching the lower band at $100.5. A contraction is now forming, suggesting a potential pause in trend continuation.

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Looking Ahead
The recovery to close near $102.8 appears to have found a short-term floor, but a sustained break above $103.5 would be needed to confirm a resumption of bullish momentum. Investors should monitor for a potential pullback or test of the $101.5–102.2 support zone in the next 24 hours, with a risk of renewed volatility if volume increases again.
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